In today's ETtech Morning Dispatch, Tata Digital to add neobank to its super app, India's cryptocurrency industry attracts foreign funds, Satya Nadella named Microsoft chairman, and UP Police says it's getting a lot of complaints against Twitter.
Amazon, Flipkart challenge court order indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.
Read more about Market Ahead Podcast, June 11: Top factors that could guide markets today on Business Standard. A total of 57 companies are slated to post their quarterly numbers today, including BEML, BHEL, Cochin Shipyard, DLF and Edelweiss Financial Services
Read more about Stocks to watch: BHEL, SAIL, Yes Bank, National Fertilizers, Cosmo Films on Business Standard. A total of 57 companies are slated to post their quarterly numbers today, including BEML, BHEL, Cochin Shipyard, DLF and Edelweiss Financial Services
Tech Mahindra is likely to post modest revenue growth in the fourth quarter of the financial year 2020-21 (Q4FY21), believe analysts, led by seasonal strength in Comviva, an entity acquired by the firm in 2012, and improving traction in the manufacturing, BFSI (banking, financial services & insurance) and technology segments. The profit after tax (PAT) during the quarter under review is expected to vault between 52-59 per cent year-on-year (YoY), as per analysts. Although, the same is likely to decline on a sequential basis. Most brokerages expect the IT major to clock a 2-4 per cent YoY rise in March quarter revenue (rupee terms) when it posts its results on April 26. Meanwhile, in dollar terms, the figure is expected to grow between 3-4 per cent.
Broker's call: Jindal Steel & Power (Buy)
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Updated on
CMP: ₹409.50
We see Jindal Steel & Power (JSPL) at a vantage point due to its: i) fully ramped up operations; ii) continued cost efficiencies; and iii) focus on deleveraging. Besides, the company is poised to reap benefits of the steel upcycle given its focus on value-added products, which will strengthen EBITDA/t to ₹16,500 through to FY22.
Factoring our revised steel price estimates, we are raising FY22E EBITDA by 14 per cent. While we expect earnings to plateau, the substantial debt reduction that the company has achieved from FY19 will drive the stock’s re-rating. Maintain ‘Buy’ with revised Target Price of ₹500 (earlier ₹378).
Stock in news: Auto shares, SBI, Piramal Enterprises, Indiabulls Housing, Edelweiss Financial
Stocks to watch today: Shares of State Bank of India, Central Bank of India, Indian Overseas Bank, Bank of India, UCO Bank, Sterling and Wilson Solar, Piramal Enterprises, Indiabulls Housing Finance, Edelweiss Financial Services, auto stocks
will be in focus in Thursday's trading session
BusinessToday.In | April 1, 2021 | Updated 09:33 IST
Stocks to watch today: SBI, Piramal Enterprises, Indiabulls Housing, Edelweiss Financial
The Indian stock markets, Sensex and Nifty, are expected to open higher on Thursday, tracking firm global cues. Among the individual stocks, shares of State Bank of India, Central Bank of India, Indian Overseas Bank, Bank of India, UCO Bank, Sterling and Wilson Solar, Piramal Enterprises, Indiabulls Housing Finance, Edelweiss Financial Services, auto stocks will be in focus in Thursday's trading session.